FINWIRES · TerminalLIVE
FINWIRES

NSE:VEDL

11 stories mentioning NSE:VEDL

Every FINWIRES story that references NSE:VEDL, newest first.

Asia

Vedanta Group Demerger Shares List on Indian Exchanges

Shares of four Vedanta Group companies including, Vedanta Aluminium Metal (NSE:VAML, BOM:544780), Vedanta Power (NSE:VEDPOWER, BOM:544781), Vedanta Oil & Gas (NSE:VOGL, BOM:544782) and Vedanta Iron & Steel (NSE:VISL, BOM:544784), started trading on Indian exchanges on Monday, marking the completion of the group's demerger, according to separate stock exchange filings by the demerged entities.The restructuring splits Vedanta into sector-focused companies, each operating independently.The listing follows a 1:1 demerger structure, under which shareholders received one share in each of the demerged entities for every Vedanta (NSE:VEDL, BOM:500295) share held prior to the restructuring, Live Mint reported Monday.Based on debut prices, the combined implied value of the demerged entities stands at 943.5 rupees per share of the original Vedanta stock, compared with 773.25 rupees before the demerger, according to the report.The demerger was approved by the National Company Law Tribunal in December 2025, Mint said.Vedanta Aluminium, Vedanta Oil & Gas and Vedanta Iron & Steel fell around 5% in Monday's trade. Vedanta Power fell over 2%.

BOM:500295BOM:544780BOM:544781BOM:544782BOM:544784NSE:VAMLNSE:VEDLNSE:VEDPOWERNSE:VISLNSE:VOGL
Asia

Market Chatter: Reliance, Vedanta, Adani Eye Andhra Pradesh Rare Earth Processing Projects

Reliance Industries (NSE:RELIANCE, BOM:500325), Vedanta (NSE:VEDL, BOM:500295) and Adani Group have expressed interest in setting up rare earth processing facilities in Andhra Pradesh, India, Reuters reported on Thursday, citing people familiar with the matter.The companies are among about 10 firms exploring opportunities in the state, the report noted.Reuters said Andhra Pradesh is seeking cabinet approval for its proposed rare earth corridor policy, which is expected within a month. The state will reportedly invite bids for such projects after securing cabinet approval.The move comes as India seeks to strengthen domestic rare earth processing capabilities and reduce reliance on imports of critical minerals, Reuters reported.Rare earth elements are key inputs in permanent magnets used in electric vehicles and various industrial applications.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^BSENifty 50BOM:500295BOM:500325NSE:RELIANCENSE:VEDL
Asia

Market Chatter: Indian Government Eyes Up To 2% Stake Sale in Hindustan Zinc

The Indian government is said to be looking to offload around 2% stake in Hindustan Zinc (NSE:HINDZINC, BOM:500188), which could fetch up to 50 billion Indian rupees, according to a Bloomberg News report on Friday, citing sources.The Department of Investment and Public Asset Management, under the finance ministry, is planning to launch the stake sale process either this month or in July, the sources told the news agency.ICICI Securities, Axis Capital, IIFL Capital Services, and HDFC Securities are advising the government on the transaction, the report said.The government had previously sold a 1.6% stake in Hindustan Zinc in November 2025 for about 35 billion rupees at the time.As of March 31, the government held a 27.9% stake in Hindustan Zinc, while its parent company Vedanta (NSE:VEDL, BOM:500295) owned a 60.7% stake.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

BOM:500188BOM:500295NSE:HINDZINCNSE:VEDL
Asia

Vedanta Subsidiary Seeks NYSE Listing to Fund Zambian Copper Operations

A division of Vedanta (NSE:VEDL) has submitted an application for an intial public offering in New York as part of a broader strategy to secure financing for its Zambian copper mining assets, according to a filing with the U.S. Securities and Exchange Commission.CopperTech Metals, established last year, serves as Vedanta's U.S.-based vehicle to channel funds into the Konkola Copper Mines (KCM).Roughly one-third of a promised $1 billion loan to KCM has already been provided, and CopperTech intends to use $670 million from the NYSE offering to pay the remaining amount, according to a Tuesday prospectus.However, the share count and fundraising target remain undisclosed.

BOM:500295NSE:VEDL
Asia

Vedanta, Hindustan Zinc Confirm Raids Over Alleged Foreign Exchange Violations

Mining and exploration company Vedanta (NSE:VEDL, BOM:500295) confirmed the raids conducted by India's Enforcement Directorate at its offices along with those of its subsidiary Hindustan Zinc (NSE:HINDZINC, BOM:500188), according to a Tuesday filing to the Indian stock exchanges.Vedanta said it is "extending its full co-operation to the authorities and providing all information sought," adding that it will make any required disclosures as and when needed.Media reports on Tuesday indicated that the searches at Vedanta's offices were being conducted in relation to alleged violations of the Foreign Exchange Management Act (FEMA) rules regarding royalty payments made by the company to its parent, Vedanta Resources.

BOM:500188BOM:500295NSE:HINDZINCNSE:VEDL
Asia

Indian Equities Rise Tuesday Backed by IT Surge, Trade Talk Optimism

Indian equities rose on Tuesday, turning from four days of losses, supported by a robust end-of-day surge in major IT stocks and high hopes of successful U.S.-India trade negotiations.The BSE Sensex jumped 0.5%, or 382.5 points, to finish Tuesday's session at 74,649.84. Likewise, the NSE Nifty 50 climbed 0.4%, or 100.95 points, to 23,483.55.Investor sentiment improved on hopes of relief from US tariffs following talks between the two nations scheduled for June 2, 3, and 4, according to Business Standard.Additionally, IT heavy-weights led the day's gainers. Tata Consultancy Services (NSE:TCS, BOM:532540), Infosys (NSE:INFY, BOM:500209), and HCL Technologies (NSE:HCLTECH, BOM:532281) closed around 7%, 6%, and 4% higher on Tuesday.The top losers were NTPC (NSE:NTPC, BOM:532555), Axis Bank (NSE:AXISBANK, BOM:532215), and Power Grid Corporation of India (NSE:POWERGRID, BOM:532898), falling about 3%, 2%, and 1% at they day's close.In corporate news, Vedanta's (NSE:VEDL, BOM:500295) shares closed over 1% lower after India's financial investigation agency raided the mining company's premises over alleged foreign exchange violations.The searches were conducted to facilitate an investigation under the Foreign Exchange Management Act, First Post reported.

^BSENifty 50BOM:500209BOM:500295BOM:532215BOM:532281BOM:532540BOM:532555BOM:532898NSE:AXISBANKNSE:HCLTECHNSE:INFYNSE:NTPCNSE:POWERGRIDNSE:TCSNSE:VEDL
Asia

Market Chatter: India's Enforcement Directorate Raids Vedanta's Premises Over Royalty Payments

India's Enforcement Directorate is said to be conducting searches at some premises of mining and exploration company Vedanta (NSE:VEDL, BOM:500295), including those in Mumbai, Delhi, and Rajasthan, according to local media reports on Tuesday.The company's shares fell nearly 2% intraday on Tuesday.Reports suggest that the searches are being conducted in relation to alleged violations of the Foreign Exchange Management Act (FEMA) rules pertaining to royalty payments made by the company to its parent, Vedanta Resources."We are extending full cooperation to the authorities and are providing all information sought. The company remains committed to compliance with all applicable laws and regulations. As the matter is currently under regulatory process, we are unable to comment further at this stage," a Vedanta spokesperson was quoted as saying, according to media reports.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

BOM:500295NSE:VEDL
Asia

Indian Equities End Higher on Wednesday Amid Positive Fiscal Q4 Earnings

Indian benchmark indices ended higher on Wednesday, supported by positive fiscal Q4 earnings and value buying across select sectors.A large part of intraday gains was, however, trimmed in late trade due to profit booking.The BSE Sensex rose 609.45 points, or 0.8%, to close at 77,496.36, while the NSE Nifty 50 gained 181.95 points, or also 0.8%, to settle at 24,177.65.The market saw early support from selective buying, especially in auto stocks, which helped indices move higher in morning trade. However, the momentum was lost later as investors locked in gains at higher levels.Rising crude oil prices also kept sentiment in check amid concerns about supply disruptions if the Strait of Hormuz remains closed for longer period.Among stocks, Vedanta (NSE:VEDL, BOM:500295) rose nearly 5% after reporting a sharp jump in fiscal Q4 profit to 67.0 billion rupees from 34.8 billion rupees a year earlier.Shelter Pharma (BOM:543963) gained nearly 4% after securing a $144,000 export order for pharmaceutical supplies.

^BSENifty 50BOM:500295BOM:543963NSE:VEDL
Asia

Vedanta's Consolidated Attributable Profit Rises in Fiscal Q4; Shares Up 4%

Vedanta's (NSE:VEDL, BOM:500295) consolidated attributable profit rose sharply to 67.0 billion Indian rupees in the fiscal fourth quarter ended March 31, from 34.8 billion rupees a year ago.Earnings per share came in at 17.01 rupees from 8.85 rupees a year earlier, the mining and exploration company said in a filing on Wednesday.Revenue from operations in fiscal Q4 also increased to 246.1 billion rupees from 166.9 billion rupees a year ago.The company's shares were up over 4% in recent trade.

BOM:500295NSE:VEDL
Asia

United Drilling Tools Clinches Order Worth INR32 Million for Supply of Equipment

United Drilling Tools (NSE:UNIDT, BOM:522014), high-technology equipment manufacturer for the oil and gas sector, has secured a new order worth 31.7 million Indian rupees from Vedanta (NSE:VEDL, BOM:500295), according to a Thursday filing to the Indian stock exchanges.The contract is for the supply of critical oilfield equipment, including tubing, pup joints, and crossovers.The order is expected to be executed within three to four months.The company's shares were up nearly 1% in recent trade.

BOM:500295BOM:522014NSE:UNIDTNSE:VEDL
Asia

United Drilling Tools Bags INR32 Million Order from Vedanta

United Drilling Tools (NSE:UNIDT, BOM:522014) has secured an order worth 31.7 million Indian rupees from Vedanta (NSE:VEDL, BOM:500295), according to a Wednesday filing to the Indian stock exchanges.The contract is for the supply of tubing, pup joints, and crossovers, including accessories, within four months.The company's shares were down nearly 1% in recent trade.

BOM:500295BOM:522014NSE:UNIDTNSE:VEDL
NSE:VEDL News | FINWIRES